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CAC 40 Declines On Uncertainty Over Rate Cuts
(RTTNews) - French stocks declined on Tuesday as traders pared back expectations on near-term rate cuts by the U.S. Federal Reserve and the European Central Bank.
French central bank Governor Francois Villeroy de Galhau said in Davos that it's too early to declare victory over inflation, but the ECB's next move is likely to be an interest rate cut sometime this year.
The benchmark CAC 40 was down 32 points, or 0.4 percent, at 7,379 after closing 0.7 percent lower on Monday.
In corporate news, Air France-KLM Group shares fell over 2 percent. The airline announced today its decision to withdraw from its existing air cargo agreements with CMA CGM, a French shipping and logistics company, from March 31, 2024.
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Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market trading on Tuesday, also adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 9,050 level, with gains across most sector led by mining and technology stocks.
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1घंटे 14 मिनट पहले
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, on widespread expectations of further interest rate cuts by the US Fed amid recent signs of sluggishness in the labor market despite the ongoing shutdown leading to the indefinite delay of the release of key economic data. Asian markets closed mostly higher on Monday.
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1घंटे 36 मिनट पहले
Indian Markets Closed For Diwali
Indian stock markets remain closed today for Diwali but there will be a special trading session from 1:45 p.m. to 2:45 p.m. IST to mark the festival. Generally, the Muhurat trading session is held in the evening every year.
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2घंटे 12 मिनट पहले
Thai Shares Tipped To Open To The Upside
The Thai stock market moved back to the upside again on Monday, one session after ending the two-day winning streak in which it had jumped more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just under the 1,285-point plateau and it's expected to open higher again on Tuesday.
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2घंटे 42 मिनट पहले
Higher Open Called For Indonesia Stock Market
The Indonesia stock market bounced higher again on Monday, one session after ending the three-day losing streak in which it had dropped more than 200 points or 2.6 percent. The Jakarta Composite Index now rests just beneath the 8,090-point plateau and it's got a solid lead again for Tuesday's trade.
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3घंटे 12 मिनट पहले
Japanese Market Significantly Higher
The Japanese stock market is trading significantly higher on Tuesday, extending the strong gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 49,700 level to all-time highs, with gains in index heavyweights, exporters and financial stocks.
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3घंटे 18 मिनट पहले
Hong Kong Shares Expected To Open In The Green
The Hong Kong stock market on Monday snapped the two-day slide in which it had dropped more than 660 points or 2.6 percent. The Hang Seng Index now rests just beneath the 25,860-point plateau and it may see additional support on Tuesday.
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3घंटे 27 मिनट पहले
China Bourse May Reclaim 3,900-Point Level
The China stock market moved back to the upside again on Monday, one session after ending the two-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Shanghai Composite Index now sits above the 3,860-point plateau and it's expected to open to the upside again on Tuesday.
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3घंटे 42 मिनट पहले
